The global chilled and deli foods market is worth billions and is projected to grow substantially in the
coming few years. In 2014, the global chilled and deli foods market was estimated at US$799.4 bn and by
2021, the market is projected to be worth US$988.7 bn, says Transparency Market Research (TMR). Let us
look at the trends that will shape the dynamics of the global chilled and deli foods market in the coming
few years.
Rising Demand for Easy-to-prepare Foods to Drive Global Market
The global chilled and deli foods market provides various types of products such as prepared salads,
prepacked sandwiches, pies and savory appetizers, meats, and others. In 2014, the prepacked sandwiches
segment generated a revenue of US$322.7 bn in the global chilled and deli foods market. On the other
hand, the pies and savory appetizers segment is projected to expand significantly at a CAGR of 2.50%
during the forecasting horizon from 2015 to 2021.
Currently, consumers are seeking ways that allow them to maximize their free time and disposable income
and spend time on the pursuits they value. This trend, fuelled by the desire to have more leisure time, is
driving the demand for convenience foods. This is driving the demand for chilled and deli foods.
Shifting Lifestyle Patterns to Benefit Global Chilled and Deli Foods Market
Due to changing lifestyles, people are spending less time in planning and preparing meals....